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Saturday, November 2, 2024

Home Business Pakistan records remittances inflow of $2.3bn in November 2023

Pakistan records remittances inflow of $2.3bn in November 2023

by Staff Report
December 8, 2023
in Business, Featured, Pakistan

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KARACHI – The State Bank of Pakistan has recorded workers’ remittances inflow of $2.3 billion in November 2023.

In terms of growth, remittances decreased by 8.6 per cent on month on month and increased by 3.6 per cent on year on year basis.

In November 2023, workers’ remittances recorded an inflow of US$2.3 billion.
For details see https://t.co/rPOvn9Dr8N https://t.co/7XBd4uOcHC #SBPRemittances pic.twitter.com/C9myRoSAaG

— SBP (@StateBank_Pak) December 8, 2023

Workers’ remittances inflow of $11 billion has been recorded during first five months of FY24.

During November 2023, remittances inflows were mainly sourced from Saudi Arabia ($540.3 million), United Arab Emirates ($409.4 million), United Kingdom ($341.7 million) and United States of America ($261.5 million).